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To Securitize or to Price Credit Risk?
Publication Type: Academic Journal
Source(s): Journal of Financial & Quantitative Analysis. Feb2023, Vol. 58 Issue 1, p289-323. 35p.
Abstract: Do lenders securitize or price loans in response to credit risk? Exploiting exogenous variation in regional credit risk due to foreclosure law differences along U.S. state borders, we find that lenders securitize mortgages that are eligible for sale to...
WHEN SILICON VALLEY OWNS THE AMERICAN DREAM.
Publication Type: Periodical
Source(s): Fast Company. Nov2022, Issue 253, p78-92. 9p. 1 Map, 3 Cartoon or Caricatures.
Abstract: In Atlanta, Divvy's largest market, tenants will pay $2,668, on average, for a three-bedroom Divvy house, versus $2,195 for a non-Divvy three-bedroom rental. In addition, the company charges customers who don't buy their houses a relisting fee that can...
After the Boom: Transitory and Legacy Effects of Foreclosures.
Publication Type: Academic Journal
Source(s): Journal of Real Estate Finance & Economics. Feb2023, Vol. 66 Issue 2, p422-442. 21p. 7 Charts, 1 Graph, 1 Map.
Abstract: Foreclosures lead to lower house prices in the short run. However, whether or not foreclosures also have long-run or legacy price effects has not been addressed extensively. Do neighborhoods with a greater number of past foreclosures exhibit long lasti...
Applying Property Pricing Models to Estimate a Foreclosure Discount in the Hotel Real Estate Sector.
Publication Type: Academic Journal
Source(s): Cornell Hospitality Quarterly. Feb2023, Vol. 64 Issue 1, p34-53. 20p.
Abstract: This study investigates the magnitude of the foreclosure sale discount in the hotel sector. The foreclosure sales discount is captured using three different models: hedonic, hybrid, and repeat sales. Controlling for various hotel attributes and time, t...
A Crisis of Missed Opportunities? Foreclosure Costs and Mortgage Modification During the Great Recession.
Publication Type: Academic Journal
Source(s): Review of Financial Studies. Feb2021, Vol. 34 Issue 2, p864-906. 43p.
Abstract: We investigate the impact of Great Recession policies in California that substantially increased lender pecuniary and time costs of foreclosure. We estimate that the California Foreclosure Prevention Laws (CFPLs) prevented 250,000 California foreclosur...
PUTTING WITH A PITCHING WEDGE: INDISCRIMINATING TERMINATION OF THE AUTOMATIC STAY.
Publication Type: Academic Journal
Source(s): Emory Bankruptcy Developments Journal. 2022, Vol. 38 Issue 2, p225-276. 52p.
Abstract: The serial filing of chapter 13 cases solely for the purpose of frustrating and delaying foreclosure or other legitimate collection efforts, and with no serious intent to reorganize, has long been perceived as an abuse of the bankruptcy system requirin...
Appraisal overvaluation: Evidence of price adjustment bias in sales Comparisons.
Publication Type: Academic Journal
Source(s): Real Estate Economics. Fall2022, Vol. 50 Issue 3, p862-881. 20p. 6 Charts, 2 Graphs.
Abstract: Home appraisal came under scrutiny for contributing to the home‐price bubble and enabling the origination of risky mortgages that led to the post‐2006 foreclosure crisis. Subsequent regulations tried to minimize or eliminate conflicts of interest and i...
R you being foreclosed?
Publication Type: Academic Journal
Source(s): European Competition Journal. Aug2022, Vol. 18 Issue 2, p328-355. 28p.
Abstract: We draw parallels between the pandemic and foreclosure in network industries by applying "Susceptible, Infected, Recovered" (SIR) modelling to an antitrust setting. We consider a digital service seeking to grow into an addressable market occupied by an...
Negative Equity: House Price Declines or Equity Dilution? A Close Look at California Foreclosures During 2006-2008.
Publication Type: Academic Journal
Source(s): International Journal of Business. 2021, Vol. 26 Issue 3, p1-25. 25p.
Abstract: The usual view is that households who purchased at the top of the market are those most at risk of foreclosure due to price declines. Our paper shows that the presence of house price appreciation, coupled with liberal lending practices, also leads to h...
SCENARIOS POST FORECLOSURE CRISIS IN CATALONIA: ACCUMULATION OF HOUSING BY BANKS AS THE FIRST STEP FOR THE RISE OF LARGE PRIVATE LANDLORDS.
Publication Type: Academic Journal
Source(s): Erdkunde. Apr-Jun2021, Vol. 75 Issue 2, p105-120. 16p.
Abstract: Der Artikel analysiert die ungleiche Geographie zwangsversteigerter Immobilien im Besitz großer privater Wohnungsgesellschaften in Katalonien. Ein negatives Binomialmodell wird angewendet, um die lokalen Determinanten der Konzentrationsmuster von 32.94...